From November 12 to 16, at the invitation of the North American Alumni Association of Renmin University of China, Wu Xiaoqiu, Vice President of the Alumni Association of Renmin University of China, former Vice President, Dean of the National Academy of Financial Research, and a national first-grade professor, visited Boston and New York in the United States and attended the "North America Minde Forum 2025 Annual Conference." He was accompanied by Guo Biao, Assistant Dean of the National Academy of Financial Research and Professor at the School of Finance, Liu Quan, Chairman of IBI and Director of the Renmin University North America Alumni Association, among others.

On November 13, Wu Xiaoqiu visited Renmin University's senior alumni in Boston, Mr. Long Shengde, a distinguished alumnus from the 1951 cohort, and his wife, Ms. Quan Ruxiang. Wu extended warm regards to the couple and expressed gratitude for their long-term care and support for the university's development. Subsequently, Wu and his delegation visited the East Asian Library and the Fairbank Center for Chinese Studies at Harvard University, conducting research on topics such as international collaboration in financial studies, academic publishing, and think tank development. During the discussions, Professor Wu emphasized that the current world is at a historical turning point marked by a new technological revolution and global economic rebalancing. He added that academic communities in China and the U.S. should strengthen exchanges and think tank collaborations to address challenges related to global economic structural adjustments, innovations in financial governance systems, and technological transformations.

Professor Wu Xiaoqiu visits senior alumnus Mr. Long Shengde of Renmin University of China

On November 14, Wu Xiaoqiu and his delegation visited alumni representatives in New York, engaging in extensive exchanges on topics such as global capital market trends, financial technology innovation, and sustainable development. Professor Wu stated that the high-quality development of China's capital markets depends on institutional innovations and international collaboration and that building a globally competitive modern financial system requires balancing openness, stability, and reform.

Professor Wu Xiaoqiu takes a group photo with alumni representatives of Renmin University of China

On November 15, Professor Wu Xiaoqiu was invited to attend the "North America Minde Forum 2025 Annual Conference" and delivered a keynote speech titled "Opportunities and Challenges in the New Era of the 15th Five-Year Plan: China's Economy, Finance, and Capital Markets in the AI Era." He pointed out that humanity is undergoing the Fourth Industrial Revolution, characterized by artificial intelligence, which not only represents a technological iteration but also a profound restructuring of production relations and social structures. Wu highlighted the far-reaching impacts of AI on education, research, and production models, noting that future economic growth, entrepreneurial activities, and even social governance must be reconsidered in this macro context. Professor Wu argued that the core significance of AI lies in enhancing innovation efficiency and reorganizing knowledge, making it a key driver for China's transition from factor-driven growth to innovation-driven development.

Professor Wu Xiaoqiu delivers a keynote speech at the "North America Minde Forum 2025 Annual Conference"

Professor Wu Xiaoqiu further analyzed the structural changes facing China's economy in its new phase, stating that after more than 40 years of reform and opening up, the Chinese economy has transitioned entirely from a "shortage economy" to a "surplus economy." Future growth, he asserted, hinges not on expanding production scale but on optimizing structures, activating demand, and driving institutional innovations. He emphasized that achieving high-quality development requires fully leveraging the core role of finance in resource allocation and innovation incentives, transforming the capital market into a key force that motivates innovation and uplifts society. When discussing reforms to China's financial system, Professor Wu proposed reconstructing the ecosystem of capital markets through legal, market-oriented, and internationalized reforms, establishing a system centered on investor protection and market transparency. He stressed that only by building incentive mechanisms and strengthening legal guarantees can a virtuous cycle of innovation-driven growth be formed, enabling finance to become a significant force driving economic transformation and social progress.

The North America Minde Forum, established in 2015 by the North American Alumni Association of Renmin University of China, is a high-end forum brand that integrates academic and practical approaches with openness and diversity. This year's theme is "Global Rebalancing: Power, Rules, and Innovation." The delegation's in-depth visits to world-renowned universities and think tank institutions in the United States have further expanded Renmin University's international academic exchange network. The National Academy of Financial Research will use this visit as an opportunity to deepen international cooperation, promote the development of financial disciplines, and advance research innovation to contribute to the high-quality development of China's economy.